BigCommerce Q1 revenue $71.8M (+9% YoY); enterprise ARR up 21%; guides FY rev $303-311M

Commerce.com, Inc.

2023-Q1 EPS reported -$0.30 revenue$71,757,000

GAAP net loss $22.1M ($0.30 EPS), vs. $37.0M ($0.51) a year ago; non-GAAP loss $4.9M ($0.07).
Enterprise ARR $228.8M (+21% YoY); total ARR $316.7M (+13%). Enterprise accounts 5,828 (+9%).
Q2 revenue guidance $72.1M-$74.1M; FY2023 revenue guidance $303M-$311M (9-11% growth).
Adjusted EBITDA loss $5.5M vs. $11.6M prior year; cash $283.5M. Free cash flow ($21.9M).
New partnerships: Amazon Buy with Prime, Microsoft Ads, WPP; B2B Edition update and BOPIS launched.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Commerce.com, Inc. reported the first quarter ended March 31, 2023 results: revenue $71.8 million, net income ($22.1) million, EPS ($0.30).

Period: the first quarter ended March 31, 2023
Revenue: $71.8 million
Net income: ($22.1) million
EPS: ($0.30)
Result: reported results

Exact text from the filing

as otherwise stated in such filing. --- EX-99 (EX-99.1) --- EX-99 Exhibit 99.1 BigCommerce Announces First Quarter 2023 Financial Results First Quarter Total Revenue of $71.8 Million, an Increase of 9% Versus Prior Year; Total ARR of $316.7 Million, an Increase of 13% Versus Prior Year. Enterprise ARR of $228.8 Million, an Increase of 21% Versus Prior Year.

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Source: SEC EDGAR

accession 0000950170-23-017853

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